Salamis Tours (Holdings) Public LTD

Annual / Quarterly Financial Statement • Apr 29, 2021

CONSOLIDATED STATEMENT OF PROFIT AND LOSS Year ended 31 December 2020

2020 € Income 46.210.272 53.513.724 Cost of sales (34.205.285) (39.843.639) Gross profit 12.004.987 13.670.085 Other operating income 153.946 103.146 Income from interest 45.340 172.375 Depreciation of property, vessels, plant and equipment (2.436.980) (2.283.188) Depreciation of assets with a right of use (76.218) (76.219) Sales expenses (87.624) (344.078) Administrative costs (4.383.732) (5.056.491) Decrease in expected credit losses at cash at bank 5.825 21.277 Operating profit 5.225.544 6.206.907 Net finance income/(expenses) (755.046) 19.658 Net gain from disposal of property, plant and equipment 10.932 19.984 Profit before taxation 4.481.430 6.246.549 Taxation (191.785) (308.984) Net profit for the year 4.289.645 5.937.565 Net profit for the year attributable to: Shareholders of holding company 3.782.276 5.715.046 Minority interest 507.369 222.519 Net profit for the year 4.289.645 5.937.565 Earnings per share attributed to the shareholders of the holding company (cents) – basic and fully diluted 10.35 15.65

2019 €

CONSOLIDATED STATEMEMENT OF OTHER COMPREHENSIVE INCOME

Year ended 31 December 2020

	2020 €	2019 €
Net profit for the year	4.289.645	5.937.565
Other comprehensive income
Items not to be reclassified to profit or loss in subsequent periods
Adjustment of fair value of land and buildings Financial assets at fair value through other comprehensive income – fair	292.640 -	-
value loss	(248.666)	(32.779)
Deferred taxation on revaluation of property	(45.130)	13.057
	(1.156)	(19.722)
Other comprehensive losses for the year after taxation	(1.156)	(19.722)
Comprehensive income for the year	4.288.489	5.917.843
Comprehensive income for the year attributable to:
Shareholders of holding company	3.781.120	5.695.324
Minority interest	507.369	222.519
	4.288.489	5.917.843

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 December 2020

	2020	2019
ASSETS	€	€
Non-current assets
Property, vessels, plant and equipment	20.793.029	21.967.156
Right-of-use assets	153.645	229.863
Financial assets at fair value through other comprehensive income	2.022.201	2.270.867
Other receivables	341.720	341.720
	23.310.595	24.809.606
Current assets
Inventories	414.570	565.940
Trade and other receivables Cash at bank and in hand	3.929.380 22.889.838	4.206.434 20.371.974
	27.233.788	25.144.348
Total assets	50.544.383	49.953.954
EQUITY AND LIABILITIES
Equity
Share capital	15.707.529	15.707.529
Share premium reserve Other reserves	937.067 4.196.377	937.067 4.197.533
Accumulated profits	22.433.896	20.781.341
	43.274.869	41.623.470
Minority interest	756.646	250.597
Total equity	44.031.515	41.874.067
Non-current liabilities
Liabilities from leases	81.300	158.858
Trade and other creditors	294.000	294.000
Deferred tax liabilities	1.150.161	1.114.419
	1.525.461	1.567.277
Current liabilities
Trade and other creditors	4.741.552	6.330.732
Borrowings	2.466	1.919
Liabilities from leases Current tax liabilities	77.558 68.783	74.941 29.129
Dividend payable		97.0481 0.158 75.889
	4.987.407	6.512.610
Total liabilities	6.512.868	8.079.887
Total equity and liabilities	50.544.383	49.953.954

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Year ended 31 December 2020

	Share capital €	Share premium reserve €	Other reserves €	Accumulated profits €	Minority interest €	Total €
Balance as at 1 January 2019	15.707.529	937.067	4.217.255	16.224.197	29.338	37.115.386
Comprehensive income Net profit for the year	-	-	-	5.715.046	222.519	5.937.565
Other comprehensive losses for the year	-	-	(19722)	-	-	19.722
Comprehensive income for the year Transactions with shareholders	-	-	(19.722)	5.715.046	222.519	5.917.843
Dividends	-	-	-	(1.095.874)	-	(1.095.874)
Defence contribution to deemed distribution of dividend	-	-	-	(62.028)	-	(62.028)
Total transactions with owners	-	-	-	(1.157.902)	-	(1.157.902)
Other changes Dividends payable by subsidiary – Non-controlling participations Minority interest in share capital of subsidiary	-	-	-	-	(1.320) 60	(1.320) 60
Total other changes	-	-	-	-	(1.260)	(1.260)
Balance as at 31 December 2019	15.707.529	937.067	4.197.533	20.781.341	250.597	41.874.067
Comprehensive income
Net profit for the year	-	-	-	3.782.276	507.369	4.289.645
Other comprehensive losses for the year	-	-	(1.156)	-	-	(1.156)
Comprehensive income for the year	-	-	(1.156)	3.782.276	507.369	4.288.489
Transactions with shareholders
Dividends	-	-	-	(2.191.749)	-	(2.191.749)
Reversal in defence contribution to deemed distribution of dividend	-	-	-	62.028	-	62.028
Total transactions with shareholders	-	-	-	(2.129.721)	-	(2.129.721)
Other changes
Dividends payable by subsidiary –
Non-controlling participations	-	-	-	-	(1.320)	(1.320)
Total other changes	-	-	-	-	(1.320)	(1.320)
Balance as at 31 December 2020	15.707.529	937.067	4.196.377	22.433.896	756.646	44.031.515